According to the Greater Las Vegas Association of Realtors (GLVAR) this past year there has been an increase in sales of high-end homes in the Las Vegas Valley.
GLVAR reported that 295 existing homes in our valley sold for over $1 million from January 1, 2017 through September 1, 2017. This is an increase of 36 percent from 2016 in the same time period. These statistics reflect sales in single-family homes, condos, townhomes and high-rise condos in Southern Nevada.
David J. Tina, 2017 president of GLVAR stated “Some of this increase is to be expected since we’ve been seeing a steady increase in all types of home sales this year. But million-dollar home sales have been growing much faster than the overall market.”
The economy has been steadily increasing the past few years in Las Vegas and the rest of Southern Nevada with wealthier people that can afford luxury homes and have confidence in the housing market.
Another factor that some say have an effect on upscale homes are the two professional sports teams – The Raiders and The Golden Knights – bringing well-heeled sports fans with then.
Bottom Line -The housing market in the Las Vegas Valley has been doing well for a few years at all levels from starter homes to custom built homes, and hopefully continues to be a healthy part of the Las Vegas economy for years to come.
Keep in mind that whether you are interested in buying a home or listing a home, a Realtor should represent you– this person is working for your benefit and will help you navigate through the buying or selling process. I have thirteen years in New Home Sales and fifteen years in General Real Estate sales!
I Sell Las Vegas! www.iSellLasVegas.com
Thanks and make it a terrific day…………Robin